6,750 Shares in Digital Realty Trust, Inc. (NYSE:DLR) Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD acquired a new stake in shares of Digital Realty Trust, Inc. (NYSE:DLR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,750 shares of the real estate investment trust’s stock, valued at approximately $1,092,000.

Several other hedge funds have also recently made changes to their positions in DLR. Motley Fool Asset Management LLC boosted its holdings in Digital Realty Trust by 4.5% in the 3rd quarter. Motley Fool Asset Management LLC now owns 13,175 shares of the real estate investment trust’s stock worth $2,112,000 after buying an additional 567 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Digital Realty Trust by 25.2% in the third quarter. IHT Wealth Management LLC now owns 6,074 shares of the real estate investment trust’s stock worth $981,000 after acquiring an additional 1,222 shares during the period. Investment Management Corp of Ontario grew its position in shares of Digital Realty Trust by 54.4% in the third quarter. Investment Management Corp of Ontario now owns 10,785 shares of the real estate investment trust’s stock valued at $1,745,000 after purchasing an additional 3,800 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Digital Realty Trust by 12.1% during the 3rd quarter. Janus Henderson Group PLC now owns 101,815 shares of the real estate investment trust’s stock worth $16,478,000 after purchasing an additional 10,994 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Digital Realty Trust by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 78,575 shares of the real estate investment trust’s stock worth $12,655,000 after purchasing an additional 1,337 shares during the period. 99.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DLR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Digital Realty Trust from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Jefferies Financial Group boosted their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Hsbc Global Res upgraded Digital Realty Trust from a “moderate sell” rating to a “hold” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. boosted their target price on Digital Realty Trust from $180.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their price target on Digital Realty Trust from $168.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.37.

Digital Realty Trust Stock Down 0.6 %

NYSE DLR opened at $191.05 on Wednesday. The business’s 50-day moving average is $174.34 and its 200 day moving average is $159.03. The stock has a market capitalization of $63.37 billion, a PE ratio of 160.55, a PEG ratio of 5.10 and a beta of 0.62. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.61 and a quick ratio of 1.61. Digital Realty Trust, Inc. has a 1 year low of $130.00 and a 1 year high of $198.00.

Digital Realty Trust (NYSE:DLR) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). Digital Realty Trust had a return on equity of 2.24% and a net margin of 8.04%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business earned $1.62 EPS. The business’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Digital Realty Trust, Inc. will post 6.71 earnings per share for the current year.

Digital Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 13th will be given a dividend of $1.22 per share. The ex-dividend date is Friday, December 13th. This represents a $4.88 annualized dividend and a yield of 2.55%. Digital Realty Trust’s payout ratio is 410.08%.

Digital Realty Trust Profile

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.